On 1st June 2005, ‘A’ Sold goods to ‘B’ worth Rs. 20,000 and drew on him a bill for 3 months. ‘B’ accepted the same and returned to ‘A’. On 5th June 2005, ‘A’ discounted the bill with his banker and received Rs. 19,000. On the due date, ‘B’ failed to pay the amount and the bill got dishonoured. Pass journal entries in the books of A and B.
